CME Platinum gains positive traction for a 5th successive day

After closing the previous trading day at $965.5, the Platinum future is up to $968.4 per troy ounce, which makes for a move of 0.3%/$2.9 today.

Platinum's upper Bollinger Band® is at $995.94, this is a slight indication of a slowdown.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Platinum is set for a reversal in the coming days.

This rally in CME Platinum's price coincides with other Metals as Gold improves 0.85% to trade around $1,883. Having closed the previous session at $20.51, Silver is up 1.09% today to currently trade at around $20.73. Having closed the previous session at $1,348, Palladium is up 1.85% today to currently trade at around $1,373.

Furthermore, the market is looking at United States Consumer Price Index figure is projected at 0.4%. It previously stood at 0.5%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index figure is projected at 6%. It previously stood at 6.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC.

The Platinum future has fallen back around 12.58% from the significant high of $1,104.4 set 2 months ago.